The Northern and Central New Jersey Edison industrial market, comprised of over 642 million square feet, ranks as fourth largest in the country. In 2010, the industrial sector demonstrated remarkable volatility, characterized by substantial fluctuations in both positive and negative absorption each quarter.

In Central New Jersey, Exit 10/Edison, Union Area and Exit 8A represent the largest submarkets with 50-60 million square feet each. Asking rents range from $3.50-$5.00 per square foot triple net for warehouses. R&D/Flex space asking rents range from $9.50-$10.50 per square foot triple net. Asking rents had trended lower over the past several years. Availability rates range from 11 to 20 percent.

Exit 10/Edison is the second largest industrial market in Central New Jersey after the Exit 8A submarket. This market comprises over 56.5 million square feet, with 6.2 million square feet available for lease. Average rental rates are just under $4 per square foot triple net. 796,000 square feet of industrial space was absorbed in 2010 with 323,000 of that in the last quarter of 2010. There are also large blocks of sublease space available

Among the advantages of the Exit 10/Edison submarket to industrial users is easy access to the NJ Turnpike, Route 287, Route 1, 440 and the Garden State Parkway. Port Newark/Elizabeth is located north of this submarket.